McKinsey: automation may wipe out 1/3 of America’s workforce by 2030

In a new study that is optimistic about automation yet stark in its appraisal of the challenge ahead, McKinsey says massive government intervention will be required to hold societies together against the ravages of labor disruption over the next 13 years. Up to 800 million people—including a third of the work force in the U.S. and Germany—will be made jobless by 2030, the study says.

The economy of most countries will eventually replace the lost jobs, the study says, but many of the unemployed will need considerable help to shift to new work, and salaries could continue to flatline.

In the eight-month study, the McKinsey Global Institute, the firm’s think tank, found that almost half of those thrown out of work—375 million people, comprising 14% of the global work force—will have to find entirely new occupations

Mike Rawson

Mike Rawson has recently re-awoken a long-standing interest in robots and our automated future.
He lives in London with a single android - a temperamental vacuum cleaner - but is looking forward to getting more cyborgs soon.